Wednesday, 3 October 2018

US equity indexes closed on a positive note, sp +2pts (0.1%) at 2925.
Nasdaq comp' +0.3% at 8025. The two leaders - Trans/R2K, settled +0.5%
and +0.9% respectively. Near term outlook threatens early Thursday
weakness, but the market is clearly m/t super strong.

sp'daily5

VIX'daily3

Summary

US equities opened moderately higher, with the Dow breaking a new historic high of 26951. The sp' once again found resistance at the 2937s, and saw yet another afternoon cooling wave. Thursday might open a little weak, but the 2900 threshold looks comfortably secure into the weekend... if not the month.

Volatility was naturally subdued, with the VIX melting into the 11s.
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notable stock: SHLD

Sears Holdings broke a new historic low today of just 75 cents. Mr Market is arguably suggestive that this company will shut it doors soon... probably just after Christmas.
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Today was October 3rd, and whilst it was a Wednesday, yours truly most certainly did not wear anything pink...

The Dow IS fetch though. Ohh, and if you don't like Mean Girls, you're at the wrong site.
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